40 Hancock ST Active Save Request In-Person Tour Request Virtual Tour
Staten Island,NY 10305
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,840 sqft
Price per Sqft $494
MLS Listing ID 495911
Style Colonial
Bedrooms 8
Full Baths 4
Year Built 1931
Annual Tax Amount $22,940
Lot Dimensions 34' x 100'
Property Sub-Type Multi-Family
Property Description
Attention!! Investors, Buyer with 1031 exchange. A great opportunity to own a spacious 3,840-sqft all brick 4-family home nestled in the Heart of Dongan Hills Neighborhood! Building size is 24' X 80', Lot size is 34' x 100', there are 4 Gas meters and 5 electric meters with all utilities separately metered for the units. House also offers a built-in four-car garage. This tremendous property offers high ceilings and a generous layout: the first floor includes a two-beds, one-baths apartment (980 sqft , 1F) rented for 2,525/month and a two-beds one-baths apartment (1080 sqft, 1R) owner-occupied (Potential 2,500/month rental income), while the second floor mirrors this with another two-beds one-baths unit (980 sqft, 2F) rented for 2,500/month and two-beds one-baths unit (1080 sqft, 2R) currently rented for 2,500/month. All the rear units have potential to be converted into 3-beds apartments for more rental income. The ground floor has a four-car garage (a great income boost) and utility room with separate entrances, providing additional space for storage. The spacious backyard with PVC fencing offers ample space for entertainment or storage. This property is ideally situated on R3-2 & C1-1 Overlay zoning with tons of potential to convert into storefront. This house has a NOI of $99,600 !! or more with 5-6 % CAP rate!! Owner Finance is available! The location is prime: a family-oriented neighborhood with nearby parks, excellent schools. Nearby Hylan blvd with lots of local shops, restaurants, pharmacy, laundromat, supermarket. Public transit is accessible via local & express buses including S79, S78, SIM1, 1C, 7, 10, 11 Buses, also with a short distance to the SI train connected to ferry and Manhattan, and drivers enjoy easy access to the Verrazzano Bridge with minutes, hustle free with traffic. This is a rare opportunity— don't miss out! Schedule your private showing today! This one won't last!
Location
State NY
County Staten Island
Area Dongan Hills-Above Hylan
Zoning R3-2, C1-1
Rooms
Basement Separate Entrance,Unfinished,Walk-in
Interior
Hot Water Hot Water Coil in Boiler
Heating Gas
Flooring Hardwood
Heat Source Gas
Exterior
Exterior Feature Brick,Stucco
Amenities Available NONE
Roof Type Flat
Handicap Access No
Building
Story 3
Foundation Poured Concrete
Others
Energy Description Gas
Financing 1031 Exchange,Bank Mortgage,Cash,Owner